Donaldson Company, Inc. (DCI) Director Acquires $24,915.00 in Stock

Donaldson Company, Inc. (NYSE:DCI) Director Douglas A. Milroy bought 550 shares of the stock in a transaction on Tuesday, March 13th. The stock was purchased at an average price of $45.30 per share, with a total value of $24,915.00. Following the completion of the purchase, the director now owns 3,598 shares of the company’s stock, valued at $162,989.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Donaldson Company, Inc. (NYSE DCI) traded down $0.14 on Wednesday, reaching $45.23. 593,312 shares of the company’s stock traded hands, compared to its average volume of 516,906. Donaldson Company, Inc. has a 52 week low of $42.59 and a 52 week high of $52.20. The company has a current ratio of 2.94, a quick ratio of 2.15 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $5,918.59, a P/E ratio of 24.63, a price-to-earnings-growth ratio of 2.07 and a beta of 1.12.

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Donaldson (NYSE:DCI) last posted its quarterly earnings data on Tuesday, March 6th. The industrial products company reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.01). Donaldson had a return on equity of 29.25% and a net margin of 5.29%. The company had revenue of $664.70 million for the quarter, compared to analyst estimates of $630.53 million. During the same quarter in the previous year, the firm posted $0.35 earnings per share. The company’s quarterly revenue was up 20.7% on a year-over-year basis. research analysts anticipate that Donaldson Company, Inc. will post 1.98 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 6th. Stockholders of record on Wednesday, February 14th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.72 annualized dividend and a dividend yield of 1.59%. Donaldson’s payout ratio is currently 70.59%.

Large investors have recently bought and sold shares of the company. Dorsey & Whitney Trust CO LLC raised its holdings in shares of Donaldson by 0.6% during the third quarter. Dorsey & Whitney Trust CO LLC now owns 168,300 shares of the industrial products company’s stock worth $7,732,000 after purchasing an additional 1,086 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Donaldson by 51.5% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,235 shares of the industrial products company’s stock worth $158,000 after purchasing an additional 1,100 shares during the last quarter. Sterling Capital Management LLC raised its holdings in shares of Donaldson by 13.5% during the fourth quarter. Sterling Capital Management LLC now owns 10,100 shares of the industrial products company’s stock worth $494,000 after purchasing an additional 1,200 shares during the last quarter. Advisor Group Inc. raised its holdings in shares of Donaldson by 91.3% during the fourth quarter. Advisor Group Inc. now owns 3,139 shares of the industrial products company’s stock worth $154,000 after purchasing an additional 1,498 shares during the last quarter. Finally, Stephens Inc. AR raised its holdings in shares of Donaldson by 3.3% during the third quarter. Stephens Inc. AR now owns 52,842 shares of the industrial products company’s stock worth $2,428,000 after purchasing an additional 1,680 shares during the last quarter. Institutional investors and hedge funds own 79.18% of the company’s stock.

Several brokerages have weighed in on DCI. Stifel Nicolaus restated a “hold” rating and issued a $53.00 target price (up from $50.00) on shares of Donaldson in a research note on Tuesday, January 16th. Zacks Investment Research downgraded shares of Donaldson from a “buy” rating to a “hold” rating in a research note on Tuesday, January 30th. Oppenheimer restated a “hold” rating on shares of Donaldson in a research note on Friday, December 1st. Jefferies Group restated a “buy” rating and issued a $57.00 target price on shares of Donaldson in a research note on Friday, December 1st. Finally, SunTrust Banks restated a “hold” rating and issued a $50.00 target price on shares of Donaldson in a research note on Friday, December 1st. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $51.00.

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Donaldson Company Profile

Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.